ENGELENDAEL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ENGELENDAEL
Largest movements
- Receivables within one year +€35,066
up €35,066 (+77.5%), from €45,218 to €80,283
of which Other amounts receivable: +€34,522
- Cash -€21,381
down €21,381 (-26.6%), from €80,298 to €58,917
mainly Contributions, distributions and other (-€120,000) and Advances received (-€52,000)
- Tangible fixed assets -€5,212
down €5,212 (-2.6%), from €197,933 to €192,721
of which Plant, machinery and equipment: -€10,331
- Other debts +€73,238
up €73,238 (+156.6%), from €46,762 to €120,000
- Reserves -€57,954
down €57,954 (-58.2%), from €99,598 to €41,644
of which Distributable reserves: -€57,954
- Advances received -€52,000
down €52,000 (-46.3%), from €112,200 to €60,200
- Trade debts +€36,988
up €36,988 (+84.0%), from €44,037 to €81,025
- Tax, wage and social debts +€10,852
up €10,852 (+919.6%), from €1,180 to €12,032
of which Taxes: +€11,942
- Depreciation +€30,995
up €30,995 (+210.6%), from €14,717 to €45,712
- Gross operating margin +€20,707
up €20,707 (+18.2%), from €113,498 to €134,206
- Taxes -€2,422
down €2,422 (-9.9%), from €24,465 to €22,043
- Financial charges -€2,195
down €2,195 (-96.8%), from €2,267 to €72
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,554 | €333,501 | +€8,947 | +2.8% |
| Fixed assets | 21/28 | €197,933 | €192,721 | -€5,212 | -2.6% |
| Tangible fixed assets | 22/27 | €197,933 | €192,721 | -€5,212 | -2.6% |
| Plant, machinery and equipment | 23 | €135,665 | €125,334 | -€10,331 | -7.6% |
| Furniture and vehicles | 24 | €62,156 | €67,387 | +€5,231 | +8.4% |
| Other tangible fixed assets | 26 | €112 | €0 | -€112 | -100.0% |
| Current assets | 29/58 | €126,620 | €140,780 | +€14,159 | +11.2% |
| Amounts receivable within one year | 40/41 | €45,218 | €80,283 | +€35,066 | +77.5% |
| Trade receivables | 40 | €5,914 | €6,458 | +€544 | +9.2% |
| Other amounts receivable | 41 | €39,304 | €73,826 | +€34,522 | +87.8% |
| Cash at bank and in hand | 54/58 | €80,298 | €58,917 | -€21,381 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,105 | €1,579 | +€474 | +42.9% |
| Total equity and liabilities | 10/49 | €324,554 | €333,501 | +€8,947 | +2.8% |
| Equity | 10/15 | €118,198 | €60,244 | -€57,954 | -49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,598 | €41,644 | -€57,954 | -58.2% |
| Tax-exempt reserves | 132 | €13,644 | €13,644 | = | 0.0% |
| Distributable reserves | 133 | €85,955 | €28,000 | -€57,954 | -67.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €206,355 | €273,257 | +€66,901 | +32.4% |
| Amounts payable within one year | 42/48 | €204,179 | €273,257 | +€69,077 | +33.8% |
| Trade debts | 44 | €44,037 | €81,025 | +€36,988 | +84.0% |
| Suppliers | 440/4 | €44,037 | €81,025 | +€36,988 | +84.0% |
| Advances received on contracts in progress | 46 | €112,200 | €60,200 | -€52,000 | -46.3% |
| Taxes, remuneration and social security | 45 | €1,180 | €12,032 | +€10,852 | +919.6% |
| Taxes | 450/3 | €90 | €12,032 | +€11,942 | +13268.4% |
| Remuneration and social security | 454/9 | €1,090 | €0 | -€1,090 | -100.0% |
| Other amounts payable | 47/48 | €46,762 | €120,000 | +€73,238 | +156.6% |
| Accrued charges and deferred income | 492/3 | €2,176 | €0 | -€2,176 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,717 | €45,712 | +€30,995 | +210.6% |
| Other operating charges | 640/8 | €4,002 | €4,545 | +€543 | +13.6% |
| Gross operating margin | 9900 | €113,498 | €134,206 | +€20,707 | +18.2% |
| Operating profit (loss) | 9901 | €94,780 | €83,949 | -€10,830 | -11.4% |
| Financial income | 75/76B | €750 | €211 | -€539 | -71.8% |
| Recurring financial income | 75 | €750 | €211 | -€539 | -71.8% |
| Financial charges | 65/66B | €2,267 | €72 | -€2,195 | -96.8% |
| Recurring financial charges | 65 | €2,267 | €72 | -€2,195 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €93,262 | €84,089 | -€9,174 | -9.8% |
| Income taxes | 67/77 | €24,465 | €22,043 | -€2,422 | -9.9% |
| Profit (loss) for the period | 9904 | €68,798 | €62,046 | -€6,752 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,798 | €62,046 | -€6,752 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.